Continuing to move higher were services prices by 0.2% for
the third straight month. The y/y increase of 2.4% compares to a 3.2% rise as of
September. Shelter prices ticked 0.1% higher (3.2% y/y), the weakest increase in
four months. Holding back last month's gain was a 4.2% decline (-2.4% y/y) in
the cost of lodging away from home. Owners' equivalent rents of primary
residences gained 0.3% (3.2% y/y) and rents of primary residences gained 0.2% (3.8% y/y).